American rapper Lil Pump recently took to Instagram to showcase what appears to be a new tattoo dedicated to the blockchain platform Solana. In his post, the rapper revealed that he had already sold his Solana (SOL) tokens and playfully asked his over 14 million followers for their opinions on his fresh ink. "Like my new tats? I sold my SOL," he wrote.

The rapper, famous for his 2017 hit single "Gucci Gang," quickly garnered attention, with many fans expressing their disapproval of the tattoo. One user criticized the decision, saying they couldn't fathom getting tattoos removed from their forehead only to replace them with "some dumber ones." The authenticity of the tattoo was also a point of contention, with some followers questioning its legitimacy. One optimistic commenter wrote, "To the moon! Gucci gain, Gucci gain, Gucci gain!"

This tattoo revelation comes at a time when celebrity-backed crypto projects are experiencing significant downturns. On June 6, data showed that many tokens endorsed by celebrities had plummeted by at least 66%. High-profile names such as Caitlyn Jenner, rapper Rich the Kid, and Nigerian singer David Adedeji Adeleke Oon have all seen their associated tokens suffer severe declines after initial spikes.

The trend extends beyond these celebrities. Tokens linked to boxing legend Floyd Mayweather have also seen their values drop by about 90%. Despite these setbacks, the launch of new celebrity tokens continues unabated. For instance, on June 11, controversial social media figure Andrew Tate promoted a Solana-based memecoin called Daddy Tate (DADDY), which quickly surpassed Iggy Azalea’s MOTHER token, despite accusations of insider trading.